Hi Tamara-Morey I agree that more pre-SOA work needs to sit with the paraplanner and I think with the QAR changes this will be a more core part of their role, but how do you balance this with the trade-off of ensuring due care is taken in formulating recommendations, particular replacement advice?
Do you find that this requires robust firm level product research to be completed? How does the adviser adequately link back directly to goals and objectives for a client if the research is done by another staff member after the adviser has formulated the advice?
I've toyed with the idea that for advice documents, administration staff could complete a product report (could just be an extract from WealthSolver) that the adviser can use in the discussion with the paraplanning team to formulate the advice. Can easily be done at the same as authorities are sent off maybe.
Appreciate your thoughts.